Tennessee is located in the southeastern region of the United States. Tennessee is well known for its breathtaking mountain ranges such as the Blue Ridge Mountains and the Great Smokey Mountains. Tennessee has a wealth of opportunities for those looking fore a bargain in the foreclosure market. With over 2,600 new foreclosures, Tennessee now has a total of over 24,800 foreclosure homes that need to be sold. Shelby County contains the highest number of foreclosures out of all the counties in Tennessee. There are over 4,800 foreclosures in Shelby County with most of those foreclosures sitting within the city limits of Memphis. Over 3,900 properties are being foreclosed on in Memphis, Tennessee. The average foreclosure sales price in Shelby County is about $64,400. The average foreclosure sales price in Tennessee is approximately $93,100. The median foreclosure sales price in Tennessee is approximately $129,900.

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